FINWIRES · TerminalLIVE
FINWIRES

FireFly Metals Posts Drilling Results from Core Zone of Green Bay Copper-Gold Project

By

FireFly Metals (FFM.TO) released drilling results from the Core Zone of the Green Bay Copper-Gold Project in Newfoundland that highlight the potential to support early, high-margin production, the company said Monday.

Highlights of the results include 42.0 meters at 6.1% copper equivalent, including a volcanogenic massive sulphide zone of 9.8 m at 16.5% copper equivalent; and 51.5 m at 4.9% copper equivalent, including 17.0 m at 9.1% copper equivalent.

FireFly plans to incorporate these results into an updated mineral resource estimate. A preliminary economic assessment and scoping study is expected to be completed in August.

Related Articles

Mining & Metals

Topaz Energy Misses Q2 Estimates, Raises 2026 Royalty Production Outlook

Topaz Energy (TPZ.TO) reported second-quarter adjusted net income of C$45.79 million, or C$0.29 per share, up from C$26.03 million, or C$0.17, a year earlier. It missed FactSet estimates of C$0.30 per shareThe oil and gas infrastructure and royalty company said total revenue and other income rose to C$111.21 million in the quarter from C$81.19 million. It missed FactSet estimates of C$122.00 millionDuring the second quarter, the company completed a C$38.7 million tuck-in royalty acquisition in its core operating area, adding developed and undeveloped royalty interests with multi-zone, liquids-rich natural gas and oil exploration upside.Topaz also declared a third-quarter dividend of C$0.35 per share, or C$1.40 per share on an annualized basis, representing a trailing annualized yield of 4.3% based on the company's current share price.In its guidance, Topaz said YTD 2026 average royalty production of 24,420 boe/d exceeds its previously announced 2026 royalty production guidance of 23,900 boe/d, reflecting strong performance and increased activity therefore Topaz has increased the annual average royalty production guidance range to 23,900 boe/d to 24,300 boe/d.Based on updated estimates, Topaz's 2026 exit net debt is estimated between $435.0 and $440.0 million, before consideration of incremental acquisitions, the company said.

$TPZ.TO
Mining & Metals

Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook

Celestica (CLS.TO, CLS) reported second-quarter adjusted earnings of $2.54 per share after the market close Monday, up from $1.39 a year earlier. The result exceeded the company's guidance of $2.14 to $2.34 per share and the FactSet consensus estimate of $2.27.Adjusted net earnings, excluding most one-time items, for the three months ended June 30 rose to $295.4 million from $161.2 million in the prior-year period.Revenue rose to $4.70 billion from $2.90 billion a year earlier, topping the FactSet consensus estimate of $4.33 billion.For the third quarter, the AI-infrastructure company expects revenue of $5.25 billion to $5.55 billion and adjusted earnings of $2.88 to $3.08 per share.While for full 2026 financial year, the company expects a revenue of $20.5 billion (previous outlook $19.0 billion) and adjusted EPS of $11.30 (previous outlook $10.15).The company's shares were last seen up $28.29, or 9%, to $346.11 in after-hours New York trading. They closed up C$19.42 to C$449.49 on Toronto Stock Exchange on Monday.

$CLS.TO
Mining & Metals

TFI International Posts Higher Second-quarter Adjusted Earnings, Revenue; Q3 EPS Outlook Set

TFI International (TFII.TO) after trade Monday reported second-quarter adjusted earnings of $1.85 per diluted share, up from $1.34 per diluted share a year earlier.Analysts polled by FactSet expected $1.60.Revenue for the quarter ended June 30 was $2.29 billion, up from $2.04 billion a year ago.Analysts expected revenue of $2.22 billion.The company said it expects third-quarter adjusted diluted earnings per share to be in the range of $1.70 to $1.80 "assuming no significant positive or negative change in the operating environment."

$TFII.TO